What Federal law provides employers with their minimum wage and overtime requirements?

The correct choice is the Fair Labor Standards Act (FLSA), which is the Federal law that establishes minimum wage and overtime pay standards for employees in both the private sector and in federal, state, and local governments. Enacted in 1938, the FLSA aimed to protect workers from unfair pay practices and to ensure that employees receive fair compensation for their labor.

Under the FLSA, employers are required to pay their employees at least the federal minimum wage and to provide overtime pay for hours worked over 40 in a workweek at a rate not less than one and a half times the employee's regular rate of pay. This law plays a crucial role in setting foundational labor standards and protecting employees' rights regarding compensation.

While the Davis-Bacon Act pertains to federal government contracts and mandates prevailing wages on public works projects, it does not cover minimum wage and overtime requirements in the same broad manner as the FLSA. The Minimum Wage Act is often used as a term but does not refer to a specific federal law governing minimum wage and overtime in the context that the FLSA does. Therefore, the FLSA is the key piece of legislation that provides the framework for minimum wage and overtime requirements across various employment contexts.